VirTra Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 1, 2024
VTSI$2.50-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of December 31, 2023 and 2022
BALANCE SHEETS
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $18,849,842 | $13,483,597 |
| Accounts receivable, net | 15,724,147 | 3,002,887 |
| Inventory, net | 12,404,880 | 9,592,328 |
| Unbilled revenue | 1,109,616 | 7,485,990 |
| Prepaid expenses and other current assets | 906,803 | 531,051 |
| Total current assets | 48,995,288 | 34,095,853 |
| Long-term assets: | ||
| Property and equipment, net | 15,487,012 | 15,267,133 |
| Operating lease right-of-use asset, net | 716,687 | 1,212,814 |
| Intangible assets, net | 567,540 | 587,777 |
| Security deposits, long-term | 35,691 | 35,691 |
| Other assets, long-term | 201,670 | 376,461 |
| Deferred tax asset, net | 3,630,154 | 2,238,762 |
| Total long-term assets | 20,638,754 | 19,718,638 |
| Total assets | 69,634,042 | $53,814,491 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $2,282,427 | $1,251,240 |
| Accrued compensation and related costs | 2,221,416 | 1,494,890 |
| Accrued expenses and other current liabilities | 3,970,559 | 1,917,922 |
| Note payable, current | 226,355 | 232,537 |
| Operating lease liability, short-term | 317,840 | 557,683 |
| Deferred revenue, short-term | 6,736,175 | 4,302,492 |
| Total current liabilities | 15,754,772 | 9,756,764 |
| Long-term liabilities: | ||
| Deferred revenue, long-term | 3,012,206 | 1,605,969 |
| Note payable, long-term | 7,813,021 | 8,050,116 |
| Operating lease liability, long-term | 432,176 | 720,023 |
| Total long-term liabilities | 11,257,403 | 10,376,108 |
| Total liabilities | 27,012,175 | 20,132,872 |
| Commitments and contingencies (See Note 11) | - | - |
| Stockholders’ equity: | ||
| Preferred stock $0.0001 par value; 2,500,000 authorized; no shares issued or outstanding | ||
| Common stock $0.0001 par value; 50,000,000 shares authorized; 11,107,230 shares and 10,900,759 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 1,109 | 1,089 |
| Class A common stock $0.0001 par value; 2,500,000 shares authorized; no shares issued or outstanding | - | - |
| Class B common stock $0.0001 par value; 7,500,000 shares authorized; no shares issued or outstanding | - | - |
| Additional paid-in capital | 31,957,765 | 31,420,395 |
| Retained earnings | 10,662,993 | 2,260,135 |
| Total stockholders’ equity | 42,621,867 | 33,681,619 |
| Total liabilities and stockholders’ equity | $69,634,042 | $53,814,491 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.